Question: Enter the following transactions in a general journal and post them to the appropriate general ledger and accounts receivable ledger accounts. Use account numbers as
Enter the following transactions in a general journal and post them to the appropriate general ledger and accounts receivable ledger accounts. Use account numbers as shown in the chapter. Beginning balance in Accounts Receivable is $3,900. Beginning balances in selected customer accounts are Adams, $850; Greene, $428; and Phillips, $1,018.
June 1 Marie L. Phillips returned merchandise previously purchased on account (Sale No. 33), $43.
11 John B. Adams returned merchandise previously purchased on account (Sale No. 34), $59.
15 L. B. Greene returned merchandise previously purchased on account (Sale No. 35), $21.
Step by Step Solution
3.41 Rating (167 Votes )
There are 3 Steps involved in it
DATE GENERAL JOURNAL DESCRIPTION 20 June 1 Sales Retums and Allowances Accounts ReceivableM Phillips ... View full answer
Get step-by-step solutions from verified subject matter experts
Document Format (1 attachment)
73-B-A-M-B (503).docx
120 KBs Word File
